Louisiana Metals uses a job costing system. The company applies manufacturing overhead using a predetermined rate based

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Louisiana Metals uses a job costing system. The company applies manufacturing overhead using a predetermined rate based on direct labor cost. The following debits (credits) appeared in the Workin-Process Inventory for June.

Job LM-12, the only job still in production at the end of June, has been charged $13,200 in direct materials cost and $12,400 in direct labor cost.

Required

What was the beginning balance in Work-in-Process Inventory?

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Fundamentals Of Cost Accounting

ISBN: 9781264100842

7th Edition

Authors: William Lanen

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Question Posted: Aug 26, 2022 12:28 AM

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Louisiana Metals uses a job costing system. The company applies manufacturing overhead using a predetermined rate based

Question:

June 1.... For the month. For the month. For the month. For the month.. Balance Direct labor Direct materials Manufacturing overhead To finished goods ??? $ 33,000 43,200 19,800 (78,700)

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Fundamentals Of Cost Accounting

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